How demonetization is affecting common people more than black money holders?

Yes, demonetization affects the common village people more than the city people. It is better to saying demonetization is affected the middle-class people when compared with rich people.

Yes, obviously demonetization is one of the powerful aspect taken by our Prime Minister Narendra Modi. But although it has a huge impact on many people living in tribal areas or in urban. Like people have two faces in their life. This demonetization is also having 2 effects. One is by the sudden announcement of this act it has made the country to become corrupt free. And the second is that it had made many people in trouble especially middle-class people they need to stand in queue for collecting money to meet their daily liabilities. So, we need to go through this for making our country corrupt free.

Demonetization like everything in life has its pros and cons The idea behind it was to eradicate corruption which you can say was a good idea as it did put people with black money in a tough position and if not totally but did help the government, but at the same time the people in villages and people with savings did face a lot of issues but rather than just sitting and watching corrupt people, taking an action was important. If planned well it could be a great move.

According me, demonetization is good decision but it is implemented in well manner. There is no planned for that People belongs to the middle class faced lots of problems like, they have to stay in queue to change their old many. But corrupted people having sol for this issue. Manly farmer face lots of problem like distributed wages to workers.

Hi, from my point of view, demonetization is a great step for our country where maximum people lives below poverty line. Income tax is the only source of income of government, by this govt developing the country. We are getting many schemes from the government if they have small income how could they develop.

By this demonetization, common people and black money holder both are affected. Common people have no black money only they have changed it or deposit it in the bank, to do this we had to stand in long line under the sun for long hours, even in ATM also. No money was available there for a few days. No change was available for 2000 rupee note. An old person was not getting their pension. Black money holders they had tried to convert it to white, buying gold, diamonds, booking flight ticket. When income tax department closed all the possible way, their black money becomes garbage, just throwing it into river, pond or dustbin. Several year collections wasted totally, but some corrupted bank employee was involved in converting black money, but some caught with money some not. But this demonetization will place a mark in black money holders mind to keep money in future. Hope that our suffer will be valuable for the longterm.

Hello, everyone.

So the discussion is all about how demonetiZation is affecting the poor more than black money holders.

According to my view, It is very unfortunate that whenever any step is taken towards the well being of people it reaches to less percentage of poor. However, at the same time whenever an initiative is taken for any change, it affects the poor more. Same happened with demonetisation. Of cource, it has affected the money holders but the ones who are more affected are the poor. Businesses of small shopkeepers were affected as their business wasn't going on flow. Lives of poor were affected a lot and their lives weren't going on flow. Many who didn't have bank accounts they were left with no choice but depend on others for getting their money deposited. Rich ones were able to get their jobs done through online cash transactions. Fewer poor were able to do so most of them were not acquainted with that knowledge. However, when a change is needed few have to suffer. Thank you.

Demonetization was a very good step taken by our prime minister, but it adversely affected the common people. As we know that most of the Indians live in villages and don't know about the digital system while the black money holders are rich and corrupted so they led the same life as before and also got their money back, while the poor villagers were unable to get even a one time meal. It also affected the normal shopkeepers who have the cash as the only source of the transaction. Thus I would like to conclude that although it was a good step illiterate persons were affected most.

In my opinion, the problem is, the black money holders are worried about the money earned through corruption but on the other hand the common people are worried about the money earned through hard labor as they have to stand in queues for so long to withdraw money from atm's and that too in limited amount and the same situation is there at the banks for the exchange of currency notes. There are labourers who work on the daily basis that means they work for the whole day and at the end of the day, they get paid. Now getting paid for them have become difficult. Meanwhile, the black money holders having enough money to let their staffs or servants stand in the queues to withdraw money from them.

Apart from all these difficulties, the common people have hope for better future and that means a lot.

Demonetization is a very bold step taken by the government in order to curb corruption and bring black money to light. But the demonetization affected common people more than black money holders. The upper class of the country which also include politicans and businessman whom we think holding the black money were not actually holding the black money as liquid cash but in other forms such as digital form, gold, shares, properties etc. So the demonetization did not impact majority of the black money holders but it did collect black money, not to the satisfactory level. The common people like low, middle-class people were greatly affected as they have to stand long hours before ATM for cash and there is also limit for the transactions which would affect their small scale businesses and their living. Demonization is a very good step taken by the government but poorly implemented whose consequences are faced by common people.

Hi guys,

Demonetization is affecting to the common people but they will get benefit from it in the future. Someone said that instead of immediate disclosed this information they should inform the people for fixing the date for demonetization if they do so, again it helps to black money holders before demonetizing they had exchanged the money from 500 and 1000 to 100 and 50 notes. Modi had taken a good decision of immediate action on demonetization. Of course, it had affected on common people not only in this matter. There are several matters are there which can affect to common people. If anyone made the survey immediate decision on demonetization they will get 80% to 90% good result because our country people know what is right and wrong. Most of the people knew that demonetization will help to the middle class and low class and it should affect on middle and lower class along with these things, they knew they will get benefits from this in future.